Quantinno Capital Management LP raised its position in Eagle Bancorp, Inc. (NASDAQ:EGBN – Free Report) by 15.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,900 shares of the financial services provider’s stock after purchasing an additional 24,842 shares during the period. Quantinno Capital Management LP owned 0.62% of Eagle Bancorp worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of Eagle Bancorp by 128.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 782 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Eagle Bancorp in the first quarter valued at $37,000. Tower Research Capital LLC TRC raised its stake in Eagle Bancorp by 113.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock valued at $80,000 after buying an additional 2,172 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Eagle Bancorp in the second quarter valued at $99,000. Finally, Fifth Third Bancorp lifted its holdings in Eagle Bancorp by 10,807.4% during the 1st quarter. Fifth Third Bancorp now owns 5,890 shares of the financial services provider’s stock worth $146,000 after buying an additional 5,836 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Raymond James Financial assumed coverage on Eagle Bancorp in a research report on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Friday, June 5th. Zacks Research cut Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. Finally, Piper Sandler upped their price target on Eagle Bancorp from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Eagle Bancorp presently has an average rating of “Hold” and a consensus target price of $29.00.
Eagle Bancorp Price Performance
Shares of EGBN opened at $27.86 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.86. Eagle Bancorp, Inc. has a 1-year low of $15.03 and a 1-year high of $29.29. The stock has a market cap of $849.73 million, a PE ratio of -22.11 and a beta of 0.96. The firm has a fifty day moving average price of $27.61 and a 200 day moving average price of $26.49.
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The firm had revenue of $73.11 million during the quarter, compared to analyst estimates of $74.41 million. Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.37%. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.55 EPS for the current year.
Eagle Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, August 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Eagle Bancorp’s dividend payout ratio (DPR) is -3.17%.
Eagle Bancorp Company Profile
Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.
The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.
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